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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ncondezi Energy Limited | LSE:NCCL | London | Ordinary Share | VGG640631039 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.825 | 0.80 | 0.85 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
05/11/2018 11:41 | Let them eat cake. JDA is just around the corner. That's a much bigger cake. | cl0ckw0rk0range | |
05/11/2018 11:30 | Stale bulls have seen many spikes sold into....I dont agree with it, but plenty of people can sell at 7+ and bank a profit | nav_mike | |
05/11/2018 09:03 | This is what we will be fighting as the price hopefully moves higher. I would imagine there are years worth of stale bulls toget rid of. | nav_mike | |
05/11/2018 08:12 | Good luck to all holders. Here's hoping the loan conversion completes today at 10p. | daddy warbucks | |
05/11/2018 07:57 | At pace I should imagine, at pace. | cl0ckw0rk0range | |
05/11/2018 07:54 | Think we move forward from here big time | imjustdandy | |
05/11/2018 07:46 | Within 12 weeks but I suspect it will come much sooner now the LOI and loan documentation's our the way, I would envisage the JDA is already completed subject to and may arrive quicker than we expect. | cl0ckw0rk0range | |
05/11/2018 07:44 | 1 retirement just enjoy it while you can you'll be in a box soon soon - so just live and let live pal | coconocchio | |
05/11/2018 07:39 | Wow would I love to be at the agm today.currently backpacking through India but checking I. Whenever I can | splatted | |
05/11/2018 07:38 | So next milestones -1. Paperwork for 10p loan conversion was issued on Friday. Hopefully gets signed today/tomorrow.2. JDA sign off next 12 weeks | imjustdandy | |
05/11/2018 07:35 | Company believes it is adequately capitalised to achieve. | imjustdandy | |
05/11/2018 07:35 | How stupid do you look now ;-)) | splatted | |
05/11/2018 07:24 | Bosh.5 November 2018: Ncondezi Energy Limited ("Ncondezi" or the "Company") (AIM: NCCL) provides the following update on its Shareholder Loan (the "Loan") restructuring process (the "Restructuring") and process to conclude a binding Joint Development Agreement ("JDA") for the Company's integrated 300MW power and coal mine project in Tete Mozambique (the "Project"). JDA Process Update The Company is pleased to report that it has received a Letter of Support ("LoS") for the Project from the Ministry of Mineral Resources and Energy ("MIREME") and a signed Memorandum of Understanding ("MoU") with the Mozambican state power utility Electricity de Mozambique ("EDM"). The LoS and MoU (together the "Support Documents") set out a clear pathway for development of the Project, including finalisation of the Project timetable, and confirm that Project development is to be managed through a Liaison Committee, chaired by MIREME. The Support Documents also confirm that coal generation is part of Mozambique's energy generation mix and that the Project is an advanced stage project which is in line with the national Energy Policy. In particular, the MoU sets out certain prerequisite conditions to enter formal tariff negotiations including the finalisation of the JDA with the Company's potential strategic partners and the receipt of binding engineering, procurement, and construction ("EPC") and operations and maintenance ("O&M") contracts. EDM has also identified certain preconditions to the negotiations including that the local exchange rate outlook remains stable and for the continuation of, or improvement in, energy demand outlook and regional tariff pricing outlook, each of which can be waived at EDM's election.The Support Documents have been shared with the Company's potential strategic partners for review, and the Company has submitted a proposed updated timetable for signing of the JDA, receipt of firm EPC and O&M proposals and commercial operations date for the Project. This process includes counter signing of the MoU by its potential strategic partners to give it legal effect. As per previous announcements, the Company's believes that the JDA can be completed within 3 months of an updated timetable being agreed.The Support Documents follow the introduction of the Company's potential strategic partners to MIREME and EDM and subsequent submission of an updated tariff proposal in July 2018 which included a more than 10% reduction in the previously agreed tariff rate.Shareholder Loan UpdateProposed final Loan Restructuring documents were submitted to Loan holders ("Lenders") on 2 November 2018 for signature, and the Company will make an announcement once the documentation is finalised as appropriate. The Loan Restructuring is subject to the lenders agreeing to the documentation, as well as shareholders approving resolutions 7 and 9 at the AGM to be held later today which, if passed, will give the Company the necessary headroom in its share authorities to undertake a contemplated debt for equity swap in relation to the Loan. The proposed Restructuring would also constitute a related party transaction for the purposes of the AIM Rules for Companies. Accordingly, should the Restructuring be accepted by all Lenders, and before signing, the Company's Independent Directors will need to consider, and consult with Liberum Capital Limited, the Company's nominated adviser, as to whether the terms of the Restructuring are fair and reasonable insofar as its shareholders are concerned. There can be no certainty that the Restructuring will occur.Non-Executive Chairman, Michael Haworth, commented:"Receipt of the Support Documents from MIREME and EDM are welcomed by the Company, as they provide formal support for the continued development of the Project as well as confirmation of the process and key development milestones required to enter into formal tariff negotiations and finalise the Project development timetable. With delivery of the Support Documents, the Company's attention moves to finalising and implementing a revised timetable with its potential strategic partners to deliver key development milestones, particularly the delivery of the JDA which the Company believes it is adequately capitalised to achieve.Confirmation of the Liaison Committee as the principal point of contact between the Project, Government and EDM provides a fast track platform for project development, which has historically delivered positive results for the Project. In addition, the Mozambican Government recently approved the Integrated Master Plan for Electricity Infrastructures, which includes the sourcing of 1,350MW of coal fired energy between 2018-2043. As one of the most advanced power development projects in Mozambique, the Company is well positioned to supply this power.Finally, the Company believes that the Shareholder Loan restructuring process is in the final stages of being completed with negotiations with key Lenders now complete and final documentation submitted for signature. Further updates on the JDA process and Loan restructure will be made at the appropriate time." | cl0ckw0rk0range | |
05/11/2018 07:09 | With delivery of the Support Documents, the Company's attention moves to finalising and implementing a revised timetable with its potential strategic partners to deliver key development milestones, particularly the delivery of the JDA which the Company believes it is adequately capitalised to achieve. | imjustdandy | |
04/11/2018 09:48 | Yes there's a few LTH going along I will make sure and feedback anything of note that's not covered in any RNS. | cl0ckw0rk0range | |
04/11/2018 08:38 | Time to retire from being a comedian your running out of material !Roll on tomorrow very confident. | robtiger1 | |
04/11/2018 08:11 | Anyone going to the AGM tomorrow? I would be extremely grateful if anyone attending could add some notes here. | imjustdandy | |
03/11/2018 06:35 | Fireworks perhaps | cl0ckw0rk0range | |
03/11/2018 06:04 | Great to see a blue day yesterday. AGM on Monday to approve the loan conversion at 10p. I guess that's why we moved up. I wonder if we will get an update on Monday or just the usual "all resolutions duly passed" .I still believe it's one of the best plays on Aim with a terrific management. | imjustdandy | |
03/11/2018 05:24 | Is that a rhetorical question? | cl0ckw0rk0range | |
03/11/2018 05:23 | Well they don't need any cash for working capital at present chum so why don't you jog on. | cl0ckw0rk0range | |
02/11/2018 16:29 | 😂😂 | yogaboy |
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